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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 26, 2012
11/12
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they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues,
they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side...
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Nov 26, 2012
11/12
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cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean ne
cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have...
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Nov 29, 2012
11/12
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how children and adults are still being exposed in their own homes. ,, ,,,,,, fiscal cliff. but in washington today, signs of e movement amo >>> just over a month the country to go over the "fiscal cliff" but in washington today signs of some movement among lawmakers. cbs reporter danielle nottingham on how the president is holding their feet to the fire. >>> reporter: president obama is enlisting middle class americans to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> campaign for his position i did it we understand it but at the end of the day he has to lead on this issue. >> reporter: while congressional leaders meet behind closed doors, some of the biggest names in corporate america are here on capitol hill meeting with lawmakers pushing for solutions. former tennessee governor
how children and adults are still being exposed in their own homes. ,, ,,,,,, fiscal cliff. but in washington today, signs of e movement amo >>> just over a month the country to go over the "fiscal cliff" but in washington today signs of some movement among lawmakers. cbs reporter danielle nottingham on how the president is holding their feet to the fire. >>> reporter: president obama is enlisting middle class americans to pressure congress to back away from the...
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Nov 28, 2012
11/12
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he'll ask them how the fiscal cliff could impact their lives. on tuesday he invited small business owners into the oval office to offer their ideas. >> they had one message for the president which is they need certainty. please get this deal done as soon as possible. >> reporter: but spending any time on capitol hill it's easy to see a deal forthcoming isn't coming soon. >> there's been little progress with the republicans which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollar spent or any commitment made by the federal government on any program at any time ought to be there in perpetuity. >> we are not going to accept an unfair deal that will hurt middle class today and protect the wealthiest americans. >> reporter: the president and congressional leaders have no talks scheduled for this week. now the president's meeting today with leaders from goldman sachs and comcast and yahoo! among others on friday he's hitting the road going to a toy factory in pennsylvania. >> susan mcginnis in was
he'll ask them how the fiscal cliff could impact their lives. on tuesday he invited small business owners into the oval office to offer their ideas. >> they had one message for the president which is they need certainty. please get this deal done as soon as possible. >> reporter: but spending any time on capitol hill it's easy to see a deal forthcoming isn't coming soon. >> there's been little progress with the republicans which is a disappointment to me. >> their hard...
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Nov 22, 2012
11/12
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congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for ind
congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff...
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Nov 21, 2012
11/12
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CNBC
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fiscal cliff fears. a frail recovery. tonight cramer is using the technicals to chart the potential for a move in the market. in tonight's edition of off the charts coming up on "mad money." >>> never judge a quarter by the headline numbers. this kind of quick draw mcgraw thinking can lead you to make some terrible mistakes. case in point, urban outfitters. last night the quarter looked disappointing. revenues only in line. the comps were up 1% across all of urban's brands and they seemed pretty darned lousy, which is why they immediately sold the stock. anybody who sold down there is feeling like a moron. urban quickly recouped most of its losses. sellers jumped the gun. if they had waited for the conference call, they would have realized that this was a fabulous quarter. they are in phenomenal shape. not only is it perfectly intact, i think it is picking up speed. people didn't know how to read the comps. they saw that store comps were down 1% across the board. they decided the quarter was a debacle. the reason the head
fiscal cliff fears. a frail recovery. tonight cramer is using the technicals to chart the potential for a move in the market. in tonight's edition of off the charts coming up on "mad money." >>> never judge a quarter by the headline numbers. this kind of quick draw mcgraw thinking can lead you to make some terrible mistakes. case in point, urban outfitters. last night the quarter looked disappointing. revenues only in line. the comps were up 1% across all of urban's brands...
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Nov 29, 2012
11/12
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 29, 2012
11/12
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but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it is starting to take shape. here's some of the details they have given politico.com. taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another point in the "fiscal cliff" discussion unemployment a new congressional budget office report showing americans have collected more than half a trillion dollars in federal jobless benefits in the last five years. >>> a battle over an oyster farm has ended. the u.s. interior secretary ken salazar is not renewing drake's bay's oyster co
but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it...
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Nov 26, 2012
11/12
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president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean n
president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax...
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Nov 28, 2012
11/12
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fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
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Nov 27, 2012
11/12
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. >>> we've heard a lot of talk about the fiscal cliff. what does it really mean for you. for a household earning 20 to $40,000 that would mean a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax hike on the wealthiest americans and spending cuts. of course any deal has to pass the republican controlled house. >>> shoppers don't appear to be too worried about the fiscal cliff. this is shaping up to be the best cyber monday ever. sales are up 28 percent from last year. cbs reporter anthony mason found out the last few days have been busy. even during dinner time. >>> amazon.com's biggest shipping center in phoenix arizona is the size of 28 football fields. last cyber monday it's busyist day of the year, amazon processed 200 orders per second. amazon vice president craig says the compa
. >>> we've heard a lot of talk about the fiscal cliff. what does it really mean for you. for a household earning 20 to $40,000 that would mean a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax...
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Nov 28, 2012
11/12
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he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollars spent or any commitment made by the federal government on any program at any time ought to be there in perpetuity. >> we are not going to accept an unfair deal that hurts middle class america today and protects the wealthiest americans. >> reporter: the president and congressional leaders have no talks scheduled for this week. susan mcginnis, cbs 5, washington. >>> president obama will continue his push for public support this week. he is set to meet with big business leaders and then on friday will hit the roa
he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me....
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Nov 26, 2012
11/12
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CNNW
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 29, 2012
11/12
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it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is
it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before...
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Nov 26, 2012
11/12
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goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than
goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials...
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Nov 28, 2012
11/12
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has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and advocate for the middle class. he has carried that advocacy in the budget negotiations. he was part of the supercommittee, this fiscal, the gang of eight, the gang of six -- almost every gang that has been involved in these issues. he has been a fighter for what is right and for having a plan that stands true to the values of the american people and the people who voted and waited in line for hours on end to vote -- people who want a fair shake out of washington. as a champion of that fair shake, i am excited to have senator durbin. >> n
has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and...
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Nov 28, 2012
11/12
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that is the so-called fiscal cliff: automatic tax increases and federal budget cuts that will be imposed unless president obama and congress can make a deal on budget reform. not even everyone in the president's own party is with him on this and nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, a rift has opened up between the white house and liberal democrats over what should be on the table in these talks. some democrats even say they're willing to let all the bush tax cuts expire, at least temporarily, even if they don't get the deal they want. senator patti murray of washington state is one of them. she says negotiations should focus far more on raising tax revenue than cutting spending. republicans are calling democrats like you "thelma and louise" democrats because you've expressed a willingness to go off the fiscal cliff. >> i'm willing to take a very tough stand and say to those on the other side that we are not going to accept an unfair deal that hurts middle-class america today and protect the wealthiest americans. period. >> reporter: in the house, at
that is the so-called fiscal cliff: automatic tax increases and federal budget cuts that will be imposed unless president obama and congress can make a deal on budget reform. not even everyone in the president's own party is with him on this and nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, a rift has opened up between the white house and liberal democrats over what should be on the table in these talks. some democrats even say they're willing to let all the...
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Nov 29, 2012
11/12
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FBC
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from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to everybody is against. gerri: let's get to that in the second. i just want to spend one more second of this idea
from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about...
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Nov 27, 2012
11/12
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coming up on "cbs this morning," an update on negotiations to avoid the fiscal cliff. plus, a warning about pork chops and ground pork and the harmful bacteria they may harbor. and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's tuesday, november 27. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. we're following some developing news this morning. an armed man keeps police in a standoff through the night and you are looking live at the scene right now off treasure island. cbs 5 reporter elissa harrington is in san francisco with more exclusive video of the standoff on treasure island. she joins us now with the very latest. good morning. >> reporter: good morning. well, this standoff started around 11:00 last night so we're going on almost 6 hours. in this video you can see police officers and the suspect holding
coming up on "cbs this morning," an update on negotiations to avoid the fiscal cliff. plus, a warning about pork chops and ground pork and the harmful bacteria they may harbor. and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's...
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Nov 28, 2012
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coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all kinds of windstorms and rainstorms, they are lots of fun. >> the bay area brace for a 1-2- 3 punch from mother nature. >> maybe even more scary than the rain is the wind with this system, boy, it's going to be whipping around the bay area! >> we are looking at winds up to 45 miles an hour with gusts up to 60! >> a couple shot in a terrifying case of road rage. >> took a few minutes for those men to pull handguns on that couple and it was all caught on tape. >> outrage over uc chancellor's $50,000 rage. >> republicans and democrats say there's been little progress in talk
coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all...
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all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. over thanksgiving, vice president joe biden took part in the annual cold turkey plunge fundraiser by jumping into the ocean. in fact the water wa
all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a
avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on...
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and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually work out as they're supposed to. but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four straight months. the last time w
and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually...
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same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, e
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending...
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. >>> just three weeks left before the fiscal cliff, the clock is ticking for president obama and congress. >> the clerk will read the communication. >> reporter: lawmakers are back at work and under the deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house economist say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical holiday shopping season. and curb their spending well into next year. >> they think that it is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax reform
. >>> just three weeks left before the fiscal cliff, the clock is ticking for president obama and congress. >> the clerk will read the communication. >> reporter: lawmakers are back at work and under the deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house economist say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical holiday shopping season....
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host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way. but the postal agency is losing $16 billion this year. the epa is set -- is temporarily suspending bp from new contracts with the u.s. government. two weeks ago, bp agreed to plead guilty involving -- in its involvement in the death of a love and oil workers in the oil spill in the gulf in 2010. bp also agreed to lying to congress over how much oil was spilled. defense secretary leon panetta, along with the vice president's wife, dr. khiel biden, -- jill biden, held a dedication at the vietnam memorial here in washington. it is expanding the planned scope of the center to include more recent servic
host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way....
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it would be fun to be there. >> no kidding and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive pled not guilty to criminal charges in the deadly deepwater horizon rig explosion from 2010. the supervisors are charged with manslaughter in the deaths of 11 rig workers. the former executive is charged separately with concealing information from congress about the amount of oil leaking from the well in the gulf of mexico. >>> parents are blasting an isolation booth at an elementary school in the state of washington. but school administrators say they need it. we'll let you judge for yourself. photos of the isolation booth went viral on facebook. looks like a big safe there. the original facebook poster criticized as abusive.
it would be fun to be there. >> no kidding and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive...
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so goes the story that is the fiscal cliff. the president is stepping up his outside game with events this week to 0 build public support. some call it posturing for his preferred combination of tax ineeses and spending cuts. a contrast from how the white house conducted itself during the 2011 debt ceiling standoff. ultimately this fight comes down to another number, 218. the number of house votes needed for a deal. and it's not clear that his efforts will persuade 100 to 120 house republicans who are needed at a minimum for boehner to get a deal done to get to the 218 overall. remember these republicans believe just as fervently as the white house does that they have their version of public opinion on their side. why can do we think this? when it comes to their own voter, both sides are right. the president won re-election fairly handily, but so did republican incumbents in the house. these are some stunning statistics that gerrymandering has created. 93% of the 205 house republicans who ran for re-election won. 88% of them wo
so goes the story that is the fiscal cliff. the president is stepping up his outside game with events this week to 0 build public support. some call it posturing for his preferred combination of tax ineeses and spending cuts. a contrast from how the white house conducted itself during the 2011 debt ceiling standoff. ultimately this fight comes down to another number, 218. the number of house votes needed for a deal. and it's not clear that his efforts will persuade 100 to 120 house republicans...
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a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will s
a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are...
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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fiscal cliff. well i think first of all when we talk about markets and actually when we talk about our own viewers and you know my paper is readers there is an element of to teach the euro zone crisis has been going on for three long to motorists exhausting years and it's only the potency of the crisis begins to evaporate as it becomes from acute goes to becoming chronic and systemic and really deeply and set in the foundations of the economy i personally think that that's a bigger danger now is market confidence restored i think one thing that has certainly happened and actually mr drug himself has been instrumental in bringing that change has been reduction in fear is of the eurozone breakup instigated by a dramatic exit of greece from the common currency area here in europe i think mr drugs announcements over the summer and what happened over the summer the calm and we've seen that continue until now even though the actual problems have not be resolved the problems with greece haven't been resol
fiscal cliff. well i think first of all when we talk about markets and actually when we talk about our own viewers and you know my paper is readers there is an element of to teach the euro zone crisis has been going on for three long to motorists exhausting years and it's only the potency of the crisis begins to evaporate as it becomes from acute goes to becoming chronic and systemic and really deeply and set in the foundations of the economy i personally think that that's a bigger danger now...
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welcome back. >> thank you. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promote
welcome back. >> thank you. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff...
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well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend starting on thanksgiving. sales rose nearly 3% to $22 billion compared to last year. >>> and the surge in cyber monday shopping means big business for shippers. fedex says it expects to deliver 280 million packages during the holiday season. to handle the extra work, fedex has hired about 20,000 seasonal employees. guys, i got my first package yesterday on the front step and i had to run upstairs and hide it before anyone could see what it was. >> oh, nice. >> it begins. >> it does. >> are you a big adele fan? >> yes. i am a big adele fan and apparently she's doing pretty good right now. according to nielsen soundscan, her so
well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend...
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in the debate over the fiscal cliff, we need to ensure working families are protected. families are protected.
in the debate over the fiscal cliff, we need to ensure working families are protected. families are protected.
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cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7 of the 12 districts reported that activity slowed or declined somewhat compared to the previous report. >>> on the tokyo foreign exchange, the dollar is gaining ground against the yen this morning. dollar/yen is fetching 82.04-08 at the moment. analysts say concerns over the u.s. economic outlook eased slightly after u.s. pres
cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says...
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the country is teetering on a fiscal cliff right now. and now a rare sighting of an endangered species here in washington. we're talking about compromise. some powerful republican lawmakers are rethinking their anti-tax pledge. i'll talk about wit the number three gop leader in the house of representatives. >>> plus, how iran is rearming hamas in the wake of its latest battle with israel. >>> i'm wolf blitzer. you're in "the situation room. " >>> republicans contemplating tax hikes. democrats weighing entitlement cuts. positions largely unthinkable not that long ago. they're taking shape going toward the fiscal cliff w. the new year, severe tax increases and severe spending cuts will automatically take effect unless congress and the white house reach a debt reduction agreement and there are signs each party's sacred cows may be up for slaughter. i want to pick your brain on how far you're willing to go in that area as far as medicare cuts, social security, raising the retirement age, along those lines. all of that is on the table, right?
the country is teetering on a fiscal cliff right now. and now a rare sighting of an endangered species here in washington. we're talking about compromise. some powerful republican lawmakers are rethinking their anti-tax pledge. i'll talk about wit the number three gop leader in the house of representatives. >>> plus, how iran is rearming hamas in the wake of its latest battle with israel. >>> i'm wolf blitzer. you're in "the situation room. " >>> republicans...
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., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will
., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >>...
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push grover off the cliff"? >> again, we were on the fiscal cliff then. and attack me personally. >> there has been -- not so much a math argument but an argument that there has been a change in the way these issues are regarded, even by a lot of top republicans. . >> they are the same six people they brought out two years ago. saying the same thing. and again, and they didn't raise taxes before. they just thought about it. which is why you got into the impure thought. i don't want to be too rough on chand less. he talked about may be someday doing the tax increases. again, we have 92-plus guys in the house and senate who have taken the commitment. we have governors and state legislators who have taken the pledge. the reason why it's easier for me, i mean, you could have said, you could have written a story in 1990 when bush broke the pledge, first president to ever sign the pledge, reagan helped me design it but he was not running for re-election. >> you think you have job security. >> the tax issue is there and is an important part of the modern republi
push grover off the cliff"? >> again, we were on the fiscal cliff then. and attack me personally. >> there has been -- not so much a math argument but an argument that there has been a change in the way these issues are regarded, even by a lot of top republicans. . >> they are the same six people they brought out two years ago. saying the same thing. and again, and they didn't raise taxes before. they just thought about it. which is why you got into the impure thought. i...
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everybody knows about the fiscal cliff. this is a new moment filled with brett but that threat is also an opportunity. if we cannot do it now, and they know what the changes need to be but they have something that is forcing them to do it. this is the best moment we have had. let us hope we do not go through a political battle with a fight it out. we are left frustrated because they cannot govern. and the headlines the next day says u.s. still faces huge fiscal problems. but we really want them to do is put in place a plan big enough to fix the problem. double be but will have the outside of the certainty -- that will be what will have the outside -- upside of the certainty. the whole world is watching. the world is routine for us. people want the united states to climb out of this whole and fix this problem. the clock is ticking. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] what next, the former court shares of the former the opposite commission
everybody knows about the fiscal cliff. this is a new moment filled with brett but that threat is also an opportunity. if we cannot do it now, and they know what the changes need to be but they have something that is forcing them to do it. this is the best moment we have had. let us hope we do not go through a political battle with a fight it out. we are left frustrated because they cannot govern. and the headlines the next day says u.s. still faces huge fiscal problems. but we really want them...
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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fiscal cliff just making it seem like the worst in europe is behind us we'll try to answer that and it is black friday q. craziness at some of the nation's big box retailers inside and out. through. some crazy images in the last one were actually protesters outside wal-mart protesting what they allege are unfair working conditions will have some of your reactions to the protests and viewer feedback let's get to today's capital account . if the euro zone crisis seems to be getting upstaged by seemingly newer crises like say the u.s. fiscal cliff or as we like to call it economy let's back up and take stock in the eurozone is back in recession another nation cyprus is on the verge of a bailout wrangling over how to get greece on track with creditors is still not resolved and talks just collapsed among european leaders trying to agree on a budget for the next seven years so in other words the e.u. isn't anywhere near out of the woods and it's also important to remember looking from abroad at the headlines coming out of these most recent budget talks to these are politicians needing to sco
fiscal cliff just making it seem like the worst in europe is behind us we'll try to answer that and it is black friday q. craziness at some of the nation's big box retailers inside and out. through. some crazy images in the last one were actually protesters outside wal-mart protesting what they allege are unfair working conditions will have some of your reactions to the protests and viewer feedback let's get to today's capital account . if the euro zone crisis seems to be getting upstaged by...
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Nov 21, 2012
11/12
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CSPAN2
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this fiscal cliff especially when added to what's happening. what can be done positively to get in the deadlock where you stand up the taxes. >> yes we have a huge problem. a 5 trillion-dollar debt. >> we keep talking about the fiscal recovery being different. you go back into the century and they all recouped a lot faster than this one. obama and hoover both reacted in the same way to the recession which was more spending, higher taxes and regulations and obama and hoover and fdr who never did anything. i think there's a very serious damage done to the economy and to the world economy and the approaches bush took running up to this and that obama is put on steroids. this is in the middle of many problems to continue to not be ended. and the was a very big problem. to be much more serious about spending and it was in that way before. >> how do you fix? >> the house republicans already passed the budget that would work and pass the extension of the tax cuts they would work and you go in and have these conversations in front of the american peopl
this fiscal cliff especially when added to what's happening. what can be done positively to get in the deadlock where you stand up the taxes. >> yes we have a huge problem. a 5 trillion-dollar debt. >> we keep talking about the fiscal recovery being different. you go back into the century and they all recouped a lot faster than this one. obama and hoover both reacted in the same way to the recession which was more spending, higher taxes and regulations and obama and hoover and fdr...
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Nov 26, 2012
11/12
by
CNNW
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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Nov 25, 2012
11/12
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CSPAN
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. >> so many of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. -- this week, you're going to see a lot of focus on the entitlement portion and the republicans have held their tongues. the whole discussion is about revenue. they are marshalling their ceo's to make demands on entitlements. >> so many of the business leaders don't want to go over the fiscal cliff. they really want tax reform to happen. whatever happens, they want this to be a stage setter. >>>> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on c-span, we look back at august 2011, as the news conferences around the budget control act. this created sequestration. that is split 50-50 between defense and non-defense spending. >> in january, our first week that we were sworn into office, the present as for the increase in the debt ceiling and i made it clear that there would not be an increase in the debt ceilin
. >> so many of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. -- this week, you're going to see a lot of focus on the entitlement portion and the republicans have held their tongues. the whole discussion is about revenue. they are marshalling their ceo's to make demands on entitlements. >> so many of the business leaders don't want to go over the fiscal cliff. they really want tax reform to...
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Nov 28, 2012
11/12
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CSPAN2
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i believe that we should have been negotiations on the fiscal cliff. of course, that's two things. $500 billion tax increase of the 2001-2003 tax cuts lapse in, and the sequestration of spending restraint. sequestration is a good thing. you can massage it into devoted to saving $100 billion a year reducing the -- >> it's not a common republican 20 because of me a lot of defense cuts spent ahead of the of the conservative caucus, 60%, most conservative guys in the house jim jordan said the own thing worse than this request would be not to have savings. and you saw mitch mcconnell say we are not raising taxes to in the sequestered. so that people have drawn a line in the sand against the idea that we will spend all that -- >> let's try -- >> quickly from -- >> quickly from has to be a c-span. why? because only then would the president have to say, trying to consider what spending cuts what quick cbs hasn't done that. nbc hasn't done the. "washington post" hasn't in the. he is walking around campaigning. point of fact if you look at the savings in his bud
i believe that we should have been negotiations on the fiscal cliff. of course, that's two things. $500 billion tax increase of the 2001-2003 tax cuts lapse in, and the sequestration of spending restraint. sequestration is a good thing. you can massage it into devoted to saving $100 billion a year reducing the -- >> it's not a common republican 20 because of me a lot of defense cuts spent ahead of the of the conservative caucus, 60%, most conservative guys in the house jim jordan said the...
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Nov 21, 2012
11/12
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MSNBCW
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cliff. speaking to the economic club of new york, bed bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no. >> hostess brands will proceed with a plan to go out of business after last-minute talks with striking workers broke down yesterday. the company and bakers union had entered mediation in an effort to try to save over 18,000 jobs. >>> president obama is calling on congress to follow the example set by former u.s. senator warren rudman of new hampshire who called for bipartisanship during his time in washington. he passed away on monday from complications from lymphoma. he warned against large federal deficits and was a
cliff. speaking to the economic club of new york, bed bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no....